Exclusive video: Data and RegTech Forum at FinTech LIVE
Held at the QEII Centre in the heart of Westminster, our annual conference, FinTech LIVE London 2023, proved to be a disruptive learning and networking experience.
The two-day event gave leading lights from across the fintech industry an opportunity to showcase their latest strategies, projects and innovations, while attendees soaked up valuable insight and expertise.
Stage 2's first panel discussion on day two was the Fraud and ID Verification Forum, featuring:
- Sandeep Amar, Chief Privacy Officer at MSCI
- Arunita Roy, Data Lead, Financial Markets at Reserve Bank of Australia
- Steve Rackham, CTO for Financial Services at NetApp
Leveraging AI for good
Asked about the potential involvement of AI and ML when it comes to data privacy and protection, Amar said: "I think the established governance processes that already exist within the privacy space – the mandatory assessment, risk assessments, impact assessments – are a pretty good foundation for good framework.
"When you're considering the application of AI and ML, extending those processes to cover other datasets is the logical approach to take."
Roy added: "For us, we have a huge amount of data that we deal with and the priority is the data security aspect.
"We're at a great time within technology where we can actually leverage a lot of these AI techniques in order to enhance the data security aspects of the systems we work with."
Rackham, meanwhile, emphasised the need for companies to keep up with an unprecedented pace of technological change.
"The speed of evolution in technology is happening at a faster rate now than ever before," he continued.
"As a vendor, we speak to a lot of different customers, and some of the challenges aren't the external regulations; it's the internal compliance and procedures within an organisation that can limit the agility and response to new technology."
To watch the session in full, simply follow the video link at the top of this story.
Want to see more from FinTech LIVE London 2023? Stay tuned to our website for more content, which will be coming your way very soon.
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For more insights from FinTech Magazine, you can see our latest edition of FinTech Magazine here, or you can follow us on LinkedIn and Twitter.
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Please also take a look at the playlist for our latest hybrid event, FinTech LIVE London, to learn all about the latest trends in fintech.
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